Internal reconciliations is a tool to check internal dealings.
Internal reconciliations is a tool to check internal dealings.
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For example, you can see if an invoice from company A has arrived in company B and if the remaining amount is the same. You can also see liabilities and receivables between companies booked on special balance sheet accounts You cab also see internal dealings. Internal sales are client invoices without VAT and internal purchases are suppliers' invoices without VAT.
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For example, you can see if an invoice from company A has arrived in company B and if the remaining amount is the same. You can also see liabilities and receivables between companies booked on special balance sheet accounts and internal dealings. Internal sales are client invoices without VAT and internal purchases are suppliers' invoices without VAT.
Latest revision as of 07:37, 18 June 2020
Internal reconciliations is a tool to check internal dealings.
For example, you can see if an invoice from company A has arrived in company B and if the remaining amount is the same. You can also see liabilities and receivables between companies booked on special balance sheet accounts and internal dealings. Internal sales are client invoices without VAT and internal purchases are suppliers' invoices without VAT.